A $3-million investment to acquire a 14% minority stake in the Churchill diamond project in Nunavut is already paying dividends for BHP Billiton (BHP-N). The major reports that two separate kimberlite…
Cleveland, Ohio-based cobalt giant OM Group (OMG-N) is selling its precious metals business to Umicore (formerly Union Minire) of Belgium for E643 million, or US$752 million, in cash.Umicore will als…
Geomaque Explorations (GEO-T) has raised $7.3 million via a brokered private placement of 130.7 million subscription receipts priced at 5.5 apiece, plus 2.5 million receipts at 6 each, for company i…
Private Placements can either be good or bad for a stock.Companies often need a rush of new money for many purposes. Maybe they aren’t earning enough to meet expenses, or maybe they need a big chunk o…
North American Mining: 72.34 (+1.59)Small Producers: 66.93 (+2.22)(Sept. 30/98 = 100)…
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, June 10 (change from June 3 in brackets):MetalStock(tonnes)ChangeAluminium1126225(-71…
The contract of hourly paid workers at two Inco installations in Ontario is about to expire, and concerns are growing that a strike could send already-high nickel prices through the roof.Members of th…
Playing against type, Abitibi explorer Globex Mining Enterprises (GMX-T) has staked a property covering a series of gold showings in the southern department of Valle in Honduras.The property covers a …
The British Columbia Securities Commission has placed a permanent cease-trade order on the shares of American Gold Mining, which had been promoted by Ronald Markham.Markham, who the commission says is…
Underground drilling by partners FNX Mining (FNX-T) and Dynatec (DY-T) at the McCreedy West mine in Sudbury, Ont., continues to return high-grade values of copper, platinum, palladium and gold.The lat…
Vancouver –Nevada Star Resource (NEV-V) has started a ground geophysical survey on its 100% owned Dunite Hill project in Alaska.The MAN project is situated in east-central Alaska, south of Fairbanks …
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